CBN outlined that this window will be open from 19 December to 30 January 2025
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BDC operators will be required to purchase FX from only one authorised dealer of their choice and must fully fund their accounts before accessing the market at prevailing NFEM rates. The CBN reiterated its commitment to a fully functional foreign exchange market and stressed that legitimate and eligible transactions, including Personal Travel Allowance and Business Travel Allowance , will continue to be accessible through banks.
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Recapitalization: CBN approves deadline extension for BDCsThe Association of Bureaux De Change of Nigeria has revealed that the Central Bank of Nigeria offered to extend the deadline for BDC operators recapitalization by six months. The ABCON President, Aminu Gwadebe, made this revelation during a virtual general meeting with members on Monday.
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'It'll eliminate speculation' -- ABCON hails CBN for approving interbank FX sale to BDCsThe Association of Bureaux De Change Operators of Nigeria (ABCON) has praised the Central Bank of Nigeria (CBN) for approving the sale of interbank foreign exchange (FX) to its members.
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